Our home, vehicle and personal loan rates lead to lower monthly payments so you can budget with confidence.
Loan Rates
Get the affordable financing you need to achieve great things.
When you need to borrow money, come to Ives Bank.
Effective Date: April 21, 2025
| Loan Program | Interest Rate¹ |
APR | Points | Down Payment | Monthly Principal & Interest Payment Per $1,000 Borrowed² |
|---|---|---|---|---|---|
| 30 Year Fixed Rate | 6.625% | 6.679% | 0.00% | 20% | $6.40 |
| 30 Year Ives First Time Homebuyers Program | 6.500% | 6.554% | 0.00% | 20% | $6.32 |
| 15 Year Fixed Rate | 6.000% | 6.084% | 0.00% | 20% | $8.44 |
| 3 Year Adjustable Rate | 6.500% | 7.031% | 0.00% | 20% | $6.32 |
| 5 Year Adjustable Rate | 6.500% | 6.977% | 0.00% | 20% | $6.32 |
| 7 Year Adjustable Rate | 6.500% | 6.931% | 0.00% | 20% | $6.32 |
Loan details for 30 year fixed rate mortgage
The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 5.625% (5.853% APR) for 360 months and no points.
The loan sample below is for example purposes only and may not reflect the current Interest rate and APR
| Number of Payments | Estimated Interest Rate | Estimated Monthly Payment |
|---|---|---|
| 359 | 5.625% | $575.66 |
| 1 | 5.625% | $572.24 |
Final Payment Details
The Final payment may be somewhat smaller or larger depending on the amount and timing of payments throughout the life of the loan.
Loan details for 30 year Ives First Time Homebuyer Program
The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 5.125% (5.342% APR) for 360 months with 0 point,
The loan sample below is for example purposes only and may not reflect the current Interest rate and APR
| Number of Payments | Estimated Interest Rate | Estimated Monthly Payment |
|---|---|---|
| 359 | 5.125% | $544.49 |
| 1 | 5.125% | $542.05 |
Final Payment Details
The Final payment may be somewhat smaller or larger depending on the amount and timing of payments throughout the life of the loan.
Loan details for 15 year fixed rate mortgage
The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 4.875% (5.243% APR) for 180 months and no points.
The loan sample below is for example purposes only and may not reflect the current Interest rate and APR
| Number of Payments | Estimated Interest Rate | Estimated Monthly Payment |
|---|---|---|
| 179 | 4.875% | $784.30 |
| 1 | 4.875% | $783.56 |
Final Payment Details
The Final payment may be somewhat smaller or larger depending on the amount and timing of payments throughout the life of the loan.
Loan details for 3/1 adjustable-rate mortgage (ARM)
The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 4.750% (5.627% APR) for 30 years and no points.
The loan sample below is for example purposes only and may not reflect the current Interest rate and APR
| Number of Payments | Estimated Interest Rate | Estimated Monthly Payment |
|---|---|---|
| 36 | 4.750% | $521.65 |
| 323 | 5.625% | $571.60 |
| 1 | 5.625% | $568.00 |
| Adjustable Rate Details | |
|---|---|
| Current Index Rate | 2.850% (variable) |
| Margin | 2.75% |
| Rate Adjustment Frequency | 36 Months for first adjustment then every 12 months thereafter |
| First Adjusted Interest Rate Cap | 2.000% |
| Subsequent Adjusted Interest Rate Cap | 2.000% |
| Lifetime Rate Cap | 6.000% |
| Floor Rate | 2.750% |
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 6.75%, with a maximum first payment of $639.00 The maximum lifetime rate will never be more than 10.750% with an estimated maximum monthly payment of $893.00
Loan details for 5/1 adjustable-rate mortgage (ARM)
The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 4.750% (5.507% APR) for 60 months and no points.
The loan sample below is for example purposes only and may not reflect the current Interest rate and APR
| Number of Payments | Estimated Interest Rate | Estimated Monthly Payment |
|---|---|---|
| 60 | 4.750% | $521.65 |
| 299 | 5.625% | $568.73 |
| 1 | 5.625% | $567.96 |
| Adjustable Rate Details | |
|---|---|
| Current Index Rate | 2.850% (variable) |
| Margin | 2.75% |
| Rate Adjustment Frequency | 60 Months for first adjustment then every 12 months thereafter |
| First Adjusted Interest Rate Cap | 2.000% |
| Subsequent Adjusted Interest Rate Cap | 2.000% |
| Lifetime Rate Cap | 6.000% |
| Floor Rate | 2.750% |
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 6.750%, with a maximum first payment of $632.00 The maximum lifetime rate will never be more than 10.75% with an estimated maximum monthly payment of $871.00
Loan details for 7/1 adjustable-rate mortgage (ARM)
The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 5.00% (5.531% APR) for 84 months and no points.
The loan sample below is for example purposes only and may not reflect the current Interest rate and APR
| Number of Payments | Estimated Interest Rate | Estimated Monthly Payment |
|---|---|---|
| 84 | 5.00% | $536.82 |
| 275 | 5.625% | $568.67 |
| 1 | 5.625% | $566.42 |
| Adjustable Rate Details | |
|---|---|
| Current Index Rate | 2.850% (variable) |
| Margin | 2.75% |
| Rate Adjustment Frequency | 84 Months for first adjustment then every 12 months thereafter |
| First Adjusted Interest Rate Cap | 2.000% |
| Subsequent Adjusted Interest Rate Cap | 2.000% |
| Lifetime Rate Cap | 6.000% |
| Floor Rate | 2.750% |
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 7.00%, with a maximum first payment of $642.00. The maximum lifetime rate will never be more than 11.00% with an estimated maximum monthly payment of $866.00
Effective Date: April 21, 2025
| Loan Type | Annual Percentage Rate | Max Loan | Max Term | Max LTV | Payments* Based on Maximum Term |
|---|---|---|---|---|---|
| Personal Unsecured | 15.00% | 5,000 | 36 Months | - | $173.33 |
| Auto - New* | 8.25% | 50,000 | 60 Months | 100 | $203.96 |
| Auto - Used 2019-2023 | 7.99% | 50,000 | 36 Months | 80 | $313.32 |
| Auto - Used 2020-2023 | 8.99% | 50,000 | 48 Months | 80 | $248.80 |
| Auto - Used 2021-2023 | 9.50% | 50,000 | 60 Months | 80 | $210.02 |
| Boat - New 25' Maximum | 12.00% | 50,000 | 60 Months | 80 | $222.45 |
| Boat - Used 25' Maximum | 12.50% | 50,000 | 60 Months | 80 | $224.98 |
| Recreational Vehicle - New | 13.00% | 100,000 | 60 Months | 80 | $339.35 |
| Recreational Vehicle - Used | 13.50% | 100,000 | 36 Months | 80 | $339.35 |
| Collateral CD or Passbook Interest Only | 2.00% or over | 100,000 | Demand | 95 | - |
| Passbook Installment | 4.00% | 100,000 | 36 Months | 95 | $295.24 |
Disclaimers
Vehicle title, comprehensive and collision insurance coverage are required on all automobile loans. Ives Bank must be listed as lienholder on title and loss payee on insurance.
The rates listed above are personal vehicles registered in individual names not business names.
Minimum loans are in the amount of $2,000.
Automobile purchased directly from dealer, or owned less than 1 month (Borrower must be able to present title at closing).
This information is intended for professional sources only. It does not take the place of the formal truth-in-lending Disclosures setting forth the specific terms applicable to individual transactions. All terms and conditions are subject to change without notice.
*Payment example is based on a loan amount of $10,000, except for the personal unsecured loan which is based on $5,000.
¹ For the Adjustable Rate Loans, the initial Interest Rate is not based on the index used to make later adjustments.
² Payment amounts are based on $1,000 borrowed. To determine the approximate monthly payment for any given loan amount, simply multiply the payment amounts above for the loan type requested by the total mortgage amount requested excluding trailing 0’s. For example, the estimated monthly payment amount for a $350,000, 30 year fixed rate loan, at 6.375% Interest Rate would be $2,184.00 ($6.24 x 350).
Loan Assumptions and Disclosures
- Interest rates and annual percentage rates (APRs) are based on our current pricing, are for informational purposes only, are subject to change without notice.
- The loan type is for a purchased property with 20% down payment and an LTV of 80%.
- The property is located in Connecticut and a primary single-family owner-occupied residence.
- The rate lock period 60 days.
- Actual rates may vary based on credit qualifications, loan amount, CLTV, term and geography.
Your APR will vary based on your final loan amount, finance charges, and credit score. - Advertised loans require an escrow account (monthly collection of subject property taxes and any applicable home-owners insurance you’re your monthly principal and interest payment). Payment amounts above do not include real estate taxes, homeowner's insurance premiums or mortgage insurance premiums. If applicable, the actual payment obligation will be greater.
- Mortgage insurance may be required depending on loan guidelines. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
- Adjustable-rate mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period. The Adjustable Rate Mortgage loans have a term of 30 years.
- Interest Rates and APR’s are based on conforming loans, (maximum loan limit of $766,550). Other rates and terms available
- This is not a credit decision or a commitment to lend.
Download Our Mobile App
Transfer Funds
Pay Bills
Create Goals
Track Spending
Send Money
And More
